What to Expect: First Time 401(K) Plan Audit

When your employee benefit plan grows beyond 100 eligible participants, it triggers the need to take deeper look at whether an audit is needed. At first sight, an audit requirement can appear to be an intimidating and daunting task. Your audit team will ask you a number of questions you may expect about the plan, including employee census and payroll data, contribution history, plan financial statement information, and more. What…  Read more